Economic mechanisms to involve the private sector in aerospace industry
(166-170)

More about authors
Paleev Denis L. PhD in Technical Sciences, Associated professor. Leading expert. Institute of Applied Technical and Economic Researches and Examinations. Peoples’ Friendship University of Russia Simonov Mikhail P. Department of innovative projects and space services development
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Annotation:
The purpose of the article is to study the available economic mechanisms that provide the successful cooperation of the small and middle class private companies in projects in the aerospace industry in Russia based on the successful experience of the U.S. companies. In the article the economic instruments are studying that would make possible to involve the private business in aerospace sector and the possibility of their use particularly in Russia. By studying the reason of success in other countries including US, would help to better understand and use their experience to improve the competitiveness of the national aerospace industry. Comparing the world experience where the Public-private partnership is an instrument to develop the whole economy in general by transferring the technologies from the biggest leading companies to smaller companies and to different fields of economic, Public-private partnership in Russia is meant to solve the problems in only one particular sector. In case when the State is involving private companies into rocket and space industry could become one of the incentive mechanisms for import substitution in the aerospace field of Russia. Further support of small and large businesses particularly in innovations developing could become a strong stimulation for social and economic development of the whole country.
How to Cite:
Paleev D.L., Simonov M.P., (2014), ECONOMIC MECHANISMS TO INVOLVE THE PRIVATE SECTOR IN AEROSPACE INDUSTRY. Business in Law, 3: 166-170.
Reference list:
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Keywords:
economic mechanisms, private business, space activities.